Boston Properties (NYSE:BXP) Upgraded by Wedbush to Hold Rating

Boston Properties (NYSE:BXPGet Free Report) was upgraded by Wedbush from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also commented on the company. Barclays upped their price target on Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Wells Fargo & Company raised their price target on shares of Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Truist Financial lifted their price target on shares of Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Compass Point raised shares of Boston Properties from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $88.00 in a research report on Thursday, November 14th. Finally, Piper Sandler upgraded shares of Boston Properties from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $78.00 to $105.00 in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $82.00.

Check Out Our Latest Stock Report on BXP

Boston Properties Price Performance

Boston Properties stock opened at $69.99 on Wednesday. The stock has a market capitalization of $11.07 billion, a P/E ratio of 30.30, a P/E/G ratio of 0.55 and a beta of 1.18. Boston Properties has a 12-month low of $56.46 and a 12-month high of $90.11. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 5.51. The firm’s 50-day moving average is $78.36 and its two-hundred day moving average is $75.58.

Boston Properties (NYSE:BXPGet Free Report) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($1.28). Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The business had revenue of $859.23 million for the quarter, compared to analysts’ expectations of $829.91 million. During the same quarter last year, the company posted $1.86 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts predict that Boston Properties will post 7.1 earnings per share for the current year.

Institutional Trading of Boston Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in BXP. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Boston Properties by 212.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 386 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in Boston Properties by 5,025.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 603 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Boston Properties during the third quarter valued at approximately $58,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Boston Properties by 61.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 547 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in shares of Boston Properties in the 2nd quarter worth approximately $116,000. Institutional investors own 98.72% of the company’s stock.

Boston Properties Company Profile

(Get Free Report)

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.

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